SUNRISE, FL--(Marketwired - Jan 13, 2014) - Fuelstream, Inc. (OTCQB: FLST) ("Fuelstream" or the "Company") announced today that it has commenced both fueling and logistical support operations to South African based Global Airways. Operations are currently underway at Victorville Airport near San Bernardino, California and Hato International Airport in Willemstad, Curaçao.
Fuelstream previously announced plans to provide Global Airways with all aspects of logistical support in a press release issued on August 8, 2013. In addition to sourcing the jet fuel Global Airways requires, Fuelstream will be responsible for the evaluation and recommendation of ground handling companies, caterers, crew transportation and services. The Company will also coordinate with cargo handlers, serve as Global's GSA for cargo in Miami, work with the Aviation Department on gate assignments and ticket counters, and work with all government authorities (TSA, Customs & Immigration and the local police) to ensure compliance.
Robert Catala, CEO of Fuelstream, stated, "We are proud of the fact that we are able to deliver on the commitment made to our shareholders in a timely manner. The management and employees of Fuelstream have worked extremely hard to meet our goal. We look forward to continuing our relationship with Global Airways and providing them with the exceptional logistical support service they require."
About Global Airways
Global Airways is an International Air Transport Organization carrier whose activities cover acquisition, heavy maintenance, refurbishment and leasing of aircraft. Established in 2001, Global Airway's main strategy is to offer full aircraft services and maintenance with a highly trained staff and crew compliment. The Company services many government and regional airlines based in South Africa and the Company is seeking to add fuel servicing as a new business unit.
Freight -- expanding its fleet in order to provide wide body freight service from Johannesburg through Africa, Europe, Hong Kong, and the United States.
Passenger Service -- reintroducing service to and from Miami International Airport and Cape Town, South Africa. This was a very successful route before political commitments in 2004 terminated service. Global Aviation intends to run 4 flights per week round trip. Global is in the process of obtaining its International Scheduled License, which should be issued in the next two months.
Fuelstream is an operating fuel logistics company that concentrates its supply chain management efforts in the distribution of aviation fuel to corporate, commercial, military, and privately-owned aircraft throughout the world. Currently, a majority of the Company's fuel and related services are concentrated in the sourcing, purchase and delivery of (Jet-A) fuel "into the wing" of private and commercial aircraft at various airports. With offices in Sunrise, Florida and Johannesburg South Africa, the Company intends to supply a variety of ground services either directly or through its affiliates, including concierge services, passenger and baggage handling, landing rights, coordination with local aviation authorities, aircraft maintenance services, catering, cabin cleaning, customs approvals, and third-party invoice reconciliations. For more information please visit www.thefuelstream.com.
Safe Harbor and Forward-Looking Statements
This press release contains certain forward-looking statements regarding possible future circumstances. These forward-looking statements are based upon the Company's current expectations and assumptions and are subject to various risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward-looking statements including, in particular, any risks and uncertainties with respect to the Company's operations, as well as those contained in the Company's quarterly, annual, and periodic filings with the Securities and Exchange Commission. Actual results, events, and performance may differ. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as to the date hereof. The Company undertakes no obligation to release publicly any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. The inclusion of any statement in this release does not constitute an admission by the Company or any other person that the events or circumstances described in such statements are material.